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that pain that can hold these elected officials accountable and to act for responsibly. the reality is that, i have worked in in town 20 years, politics rules the day. the dose of reality, the pain, shut down of maybe -- shut down of the government services and operations. that type of pain, i think is the only thing that is going to, in the long run, get these folks in town to make sure this doesn't happen again and to act responsibly. as you said at the kickoff of this show, to really kind of look at these government programs and see if they are really necessary. >> you are talking about thousands and thens of government job, agencies going out of business, at least temporarily, economists saying if this doesn't kick in, we could go into a recession. >> it's time for bad-tasting medicine for this nation. the election is over. but have you a president that thinks he has the moral high ground, as a result of the election on the tax issue. and you have the republicans that have an identity crisis and are ignorant. we need to walk away, the extreme wings of both parties ad have reasonable peo
's one thing. but we're not going to go after seeing the president win this election, we won the white house, turn right around and undermine the people who helped put us there. >> you know, it is interesting. the older voters did vote republican and medicare was out there. i mean, paul ryan budget was there. and the older voters went for governor romney. >> remember,, he won with fewer voters. the republican performance was better than it was four years ago. the reality is, nobody can look at this budget and think that if you don't reform entitlements you can balance it. >> but it's a matter of where do you balance it? do you balance it on the backs on the people who can least afford it? >> but to get a deal, we have a divided government. the president won. we can argue about whether it's a mandate. there will have to be compromise. $16 trillion debt. trillion a year deficit. you're not going to solve all that with tax increases and cutting discretionary programs. we have to fix the intitlement programs. we can talk about how we do it. >> you have to be specific, steve. because when y
there after the election. he says if there's something worse going on, he can't see it. >> i think there's a marked difference between this negotiation and what took place two summers, i guess, ago between speaker boehner and the president when frankly i thought the white house did a poor job of its advocacy for its own position. this is different. it's as if they learned i lesson. they're digging in deeply this time around. they have the wind at their back because of an election result. it's a strategy. as you mentioned he's campai campaigning today. it's like the campaign didn't end. >> chris, let me bring you in. a lot of people talk about this latest interview with secretary geithner. let me play a little bit of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of
you know what your elected officials are doing. passing a bill to ban the word lunatic. >> gretchen: people will not be able to watch and call us that. should we give billions of hard earned american dollars to egypt even though we can't pay our own bills? congressman bucan an said it is amoral. >> the pent depon is preparing for massive cuts. pentagon today is scaling back and became the triangle. ♪ ♪ are you ready for this? ♪ snot ♪ nouncer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankameric
the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people. real quickly, though, the jim demint announcement this morning. surprised by that that he's going to be leaving? >> not really. he is one vote in the senate. demint is a staunch conservative. he is pretty well connected to business because that was his culture before he came into the senate. fact is is that he may be able to do more for the conservative movement in this country as head of the heritage foundation than he would be what he's doing in the senate. he was the lead dog about going after obama care. well, that didn't work. there was no waterloo. he is somewhat scarred national live now as far as being legislatively inept because h
working inside the elected -- the elected claim ber of the united states stat or better off resigning and becoming head of the -- head of heritage? it was a no-brainer. you know -- >> remarkable. >> financial incentiveta. but it's remarkable and shows you limits in which being a united states senator -- i've talked to other senators who made the decision to try to get into leadership track who said it's no fun trying to be party of one or gang of six or gang of eight. it stinks especially ex-governors can't stand it in there. it is sad that you don't feel as if you can make a -- as big of a difference inside the senate as you can at a special interest group. welcome to politics of the 21st century. >> i couldn't agree more, chuck. frankly i think jim demint couldn't agree more. he said, i'm leaving the senate now but i'm not leaving the fight. i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas. chuck, to your point. kelly, i want to go to you. in the midst, and we'll talk about the fiscal cliff in a minu
on the november mid term election? and if you hook at-- and then later on, reflexively supported the regime in ruwan da when there were more war crimes committed and since vowed to heal that, but, you know, you've seen her political statements recently that showed there's a political side of susan rice and willingness for talking points that we can't afford as secretary of state and john kerry, he was part of the foreign senate relations committee and he was back in the late 60's and talked about war crimes that he reportedly saw against the vietnam war and you have some track records that don't make them the best fit. >> there are numerous republicans, john mccain, lindsey graham, a barraso who sates i would support john kerry as secretary of state who in their words would cruise through a nomination. and how would an affect if those two are in place? >> if you like what's in the last four years, you're going to get more of the same. deep defense cuts. if you had john kerry as secretary of defense. what we need is a strong secretary of defense, in spite of drawdowns and budget cuts is goin
of the election. issues like entitlement reform and new revenue, but he's going to have to do something big. there's been a four-year course of he doesn't get along with either party, doesn't make the kind of effort you're talking about. i don't think there's any doubt he's going to, particularly john boehner, find some human interconnection moment that says we're doing this. and that's when the tough part starts. because once there's a leader deal, getting it through the house, whatever the terms of it is going to be super hard. >> i was with a group of businessmen last night, and their question was, why don't the people in washington do what we do when there's an important decision that comes up? why don't they get into a room and hammer it out, get some food, drinks, whether it's a couple days, get them helicopters, and go to camp david. you get in a room together -- >> the president -- the president doesn't like doing that. he's not comfortable doing that. and jon meacham, that is not the opinion of a pundit, that is a matter of historical record for his first four years. is it not? >> that's
, there would have to be another election. it's not like the united states where the vice president takes the role. there would be an election. he said last night in no uncertain person that person would be nick lal holas. >> all right, patrick ottmann, thank you. appreciate it. live from havana. >>> shifting gears. dallas cowboy linebacker jerry brown has been killed in car accident. he was in a car driven by brent. this comes as we get surveillance video of kansas city player jovan belcher. he made heldlines last beak after killing his girlfriend and then himself. i want to bring in joe carter. joe, let's bring in the dallas cowboys. what more do we know about the tragic accident? sniet obviously happened early saturday morning around 2:30 a.m. josh driving the vehicle. his teammate and roommate was in the passenger seat. he was traveling well above the posted speed limit, which was 45 miles an hour. it hit the curb, flipped over it its top and the police say it slid about 900 feet. they arrested 24-year-old josh brent. one count of intoxicated manslaughter and they obviously pronounced
morning. the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities
an election to back him up and polls to back him up. the polls show 6 5% of americans go ahead and tax the rich. >> clayton: and questions whether we'd go back to the clinton era, 37 somewhere? at the end of the day the point what mr. forbes was saying, if the president does nothing, yes, the taxes go back up to those previous rates and also, defense gets cuts. forget about, we're not talking see questions station much, b -- sequestration? >> did you see what's happening in california, maybe that should be a barometer. tax increases in the state of california and raise revenue and look at the revenues have not gone up. >> a lot of republicans see california and americans, many democrats see california as a cautionary tale. what california has done and interesting and got then them ooh into a pickle. they have the battle initiatives where voters can go in themselves and vote for what they want and these all cost money. >> it all costs money. >> yeah, this is a mistake of california, right? since the late 70's, when these ballot provisions started going through, yes, you had a number of
is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who might prefer a different leader don't feel they have the luxury of that right now. in fact, even congressman kantor and others, who boehner didn't think he could count on the last time around, are being supportive. republicans are trying to calculate how much they have to give in now and is there a way to fall back with the idea of being able to move ahead in a more aggressive way next year. that's why you saw the president in a very preemptive way trying to rule out the idea of tying talks to next february to raising the debt ceiling. >> alan simpson, the co-chair of the president's deficit commission, was on the "today" show this morning and he said all this talk about either side being able to go off the cliff is ridiculous. let me play that for you. >> when you have leaders of parties and people from the administration saying i think
by the fiscal future. he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out for the long-term interests of their citizens, their states and also the country as a whole. rather than sub sid dies development in really dangerous areas. that's called moral hazard, and that's something that's really bringing the country to its knees economically. >> last i checked, you look out for yourself. you might say that's not a great idea, if you're in new york -- actually, no, if you're in new york you're concerned about new york and not about california. you focus on where you are. that's a reality. >> all right. thanks very much to both of us. please let us know what you thi
! >>> flabbergasted. you can't be serious. i've never seen anything like it. we've got seven weeks between election day and the end of the year and three of those weeks have been wasted with this nonsense. >> okay. >> so how did john boehner feel about the white house's opening offer? michigan congressman sandra levin is ranking member of the house weighs and means committee. you saw the speaker's reaction. they felt this is a nonstarter bringing up the debt ceiling, not being specific about entitlements. what is the democratic caucus' response to the speaker? >> i think he's wrong in this sense. i'm optimistic. i think things are coming to a head. the republicans have a clear choice to continue the norquist stranglehold or have it broken and the consequences, not continuing the middle class tax cut and continuing the wealthy for all the consequences for the unemployed, those who go to doctors and doctors have to be reimbursed, i think in the end the republicans will choose to have the hammer lock, the stranglehold of norquist ended. >> well, some would say that the aarp has a stronglehold on the -
was elected to serve. his job, those are his constituents. that's his job. >> well, look. i see where you're coming from but we have to think about this in a broader sense. okay? if every state is looking out only for itself, what they're going to do is free ride. they're going to engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >> last i checked you look out for yourself. >> that's public servants are supposed to do, roland. >> no. in new york, you are concerned about new york and not california. you focus on where you are. that's the reality. >> all right. we are going to hit pause there. please let us know what you think about that conversation on twitter and facebook page. >
these negotiations. if he really was going to have an about face after the election and really concerned about the legacy, i actually disagree to a certain extent because i think that he thinks the first four years was his legacy. >> yeah. i think you're right to some extent. this is obviously we're speculating here. the president could, this might happen, might be a last minute razzle dazzle here, where he rushes in and they've already kind of agreed to a deal and he didn't get everything he wants, but he gets most of what he wants. he might envision something like that. i'm telling you, when i heard folks like lindsey graham over the weekend say, i don't think there is going to be a deal, that kind of stuck with me and maybe there won't be a deal. i'm not sure that's such a bad thing given what the alternatives are. >> steve: i'm sure you've heard or seen that apparently the republicans doomsday plan, if the talks collapse, allowed the vote on extending the middle tax class tax cuts, the senate passed that back in august, and the republicans would all vote present, then allow the democrats t
to the sixth which happens to be the election on tens, you will notice -- this is weird. this is a 21st session that we're going to be looking to close in a range between 158 and is 169. we were at the 175 mark. that was really a changing moment for treasuries. if you open the chart up to a 20-year chart, maybe sometimes some out there forget exactly how low these yields are. look at that 20-year chart. contrast it with s&p 500 chart. what a difference. obviously the feds program to push people to risk in some ways is working but in ways it's not working. look at flows. it's in treasuries. not in the equities. now if we look at the euro, let's look at euro from year-to-date. doesn't look bad. about month and a half high. let's go back to 2000. doesn't look nearly as good. the winning chart on perspective perspective is dollar/yen. look at that year-to-date. it looks like it's really going to explode. if you look at a 20-year chart, we're just dancing around the bottom. jim cramer, back to you. >> drives me crazy that i can't figure that out. let's check out the latest news in energy and metals.
knew of before the elections in october in venezuela. he said he'd been cured of cancer. that the doctors essentially saved his life. it turned out that that information was incorrect and hugo chavez in a very emotional address tonight to the people of venezuela said he needed to return to cuba immediately to undergo surgery and that his life is essentially on the life. he said good-bye to venezuela, said the support of the vice president -- and hugo chavez perhaps looking at mortality in the face. >> i think it's interesting that he said good-bye to the people of cuba. should we be reading anything into that? >> reporter: i think absolutely. it's been a year and a half where hugo chavez has really spent more time in cuba perhaps than in venezuela. months and months in cuba fighting cancer. some of the speculation flying around this time about his health and he consistently has said that he was receiving very good treatment, that he was recovering. again, it seems like those reports were not accurate, that hugo chavez is someone who's very, very ill, facing a third bout
of leverage comes in to play. he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look a
Search Results 0 to 30 of about 31 (some duplicates have been removed)